Write about any three internal environmental factors of business.

1.	Write about any three internal environmental factors of business.
Answer» The major internal factors affecting business decisions are: 1. Values system: The values of the founder/owner of the business, percolates down to the entire organisation and has a profound effect on the organisation. 2. Vision and objectives: The vision and objectives of a business guides its operations and strategic decisions. 3. Management structure: The structure of management / board and their style of functioning, the level of professionalism of management, the composition of the board are the various factors which affect the decision making.

Answer»

The major internal factors affecting business decisions are:

1. Values system: The values of the founder/owner of the business, percolates down to the entire organisation and has a profound effect on the organisation.

2. Vision and objectives: The vision and objectives of a business guides its operations and strategic decisions.

3. Management structure: The structure of management / board and their style of functioning, the level of professionalism of management, the composition of the board are the various factors which affect the decision making.

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